Fortune (April 8)
“The U.S. crude oil benchmark temporarily plunged below the stress-inducing $60 per barrel threshold on Monday amid tariff and economic slowdown fears, putting the nation’s record-high volumes of oil production at risk.” After beginning April above $70, oil temporarily dropped below $60 (NYMEX WTI). “Energy analysts see the $60 per barrel price as a key threshold when oil producers scale back activity and, eventually, cut back on production.”
Tags: Analysts, Benchmark, Crude oil, Economic slowdown, Energy, Fears, NYMEX WTI, Plunged. $60/bbl, Producers, Production. Risk, Scale back, Tariff, Threshold, U.S.
Euromoney (August Issue)
According to economists, Indonesia’s economy may face a “double blow” from China and the U.S. “Indonesia is the emerging market most vulnerable to the consequences of the US Federal Reserve’s tapering of quantitative easing and to China’s economic slowdown.”
Tags: China, Economic slowdown, Emerging markets, Fed, Indonesia, Quantitative easing, Tapering, U.S., Vulnerable
